News

Global Trade Review | Friday, December 2, 2016

The US House of Representatives has recently passed an amendment to the Dodd-Frank legislation, which scraps the US$50bn asset threshold above which banks were previously considered “too big to fail” and therefore subjected to more stringent regulation. In its place, the bill proposes determining the systemic risk of each bank based on its size, interconnectedness, financial infrastructure, global cross-jurisdictional activity and complexity – a model based on the Basel Committee’s approach. The law still has to go through Senate before being presented to the president.

CDFI Fund | Tuesday, November 29, 2016

Out of the historic $7 Billion New Market Tax Credit Allocation announced just before the Thanksgiving holiday, CDBA members represented 4 of the 5 total banks who received tax credit funding. Central Bank of Kansas City was awarded $80 milliom, City First Bank of DC was awarded $75 million, Sunrise Banks was awarded $70 million, and United Bank of Alabama received $65 million. Click here to read the full list of national awardees.

Webster Progress Times | Monday, November 28, 2016

Bank of Kilmichael has announced that for the 8th straight quarter they have earned a 5-star Superior rating from Bauer Financial, which measures excellence in areas of capital adequacy, profitability, loan quality, amongst other factors.

American Banker | Monday, November 21, 2016

The efforts of CDBA Members United Bank of Alabama, BankPlus, and Bank of Montgomery to address the entrenched problems of high rates of unbanked or underbanked individuals in the rural south are highlighted in this recent American Banker article. 

American Banker | Thursday, November 17, 2016

Increased oversight and enforcement of the Bank Secrecy Act (BSA) is putting a squeeze on small banks across the country as federal regulators raise the standard for all financial institutions. 

Indian Country Media Network | Wednesday, November 16, 2016

Blackfeet tribal community leader Elouise Cobell was recently announced as one of 21 recipients who will receive the Presidential Medal of Freedom, the nation's highest civilian honor. Cobell is an advocate for Native American self-determination and financial independence and in this vein was one of the founders of CDBA member Native American Bank.

SAT PR News | Tuesday, November 15, 2016

A recent survey from Schwab Retirement Plan Services, Inc. finds there are significant gaps between the way male and female Millennials approach planning and saving for retirement. Millennial men are close to evenly split on whether they are more concerned about being healthy enough or having enough money to enjoy retirement, while Millennial women are overwhelmingly more concerned with financial security once they stop working. 

Stanford Social Innovation Review | Tuesday, November 15, 2016

Balancing the competing demands of social impact and financial returns is a major source of effort for community development practitioners. Researchers from the Omidyar Network recently published an article detailing their impact investment philosophy across a spectrum that extends from fully commercial investments to philanthropic grants. 

| Tuesday, November 15, 2016

Beneficial State Bank is paving the way as the first community development financial institution in California's Central Valley and tenth business in the city of Fresno to receive the certification as a California Green Business, demonstrating the bank's commitment to serving as a conduit for economic development and environmental sustainability.

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